Practice - Estimating Operating Costs
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
Define operating costs in the context of construction equipment.
💡 Hint: Think about costs that change with how much you use the equipment.
What are consumables?
💡 Hint: What items do you need to regularly replace while using machinery?
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What are operating costs?
💡 Hint: Focus on what 'operating' means in terms of when costs arise.
True or False: Major repairs form part of operating costs.
💡 Hint: Consider the scale of repair as you evaluate the answer.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Calculate the estimated operating cost of a construction site using data from past projects. Your site uses an excavator for 2400 hours with an average fuel cost of $4 per gallon. If the excavator consumes 10 gallons per hour, find how much will you spend on fuel alone?
💡 Hint: Break down the components of the total cost and calculate each separately.
Using the Caterpillar method, analyze the estimated operating costs for both favorable and harsh working conditions. Reflect on how the estimations differ and justify.
💡 Hint: Conduct a comparative analysis based on the scenario provided.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.